Recently, with the sharp fluctuations of BTC and various altcoins, the bullish trend of the crypto market has accelerated.
In a bull market, common strategies include holding potential cryptos for the long term or taking advantage of high volatility to make short-term trading profits. This often leads to increased DeFi activity, increased liquidity staking, and a more active lending market. Crypto users aim to maximize their funds and profits.
Against this backdrop, HTX’s recently launched flexible crypto loans have gained popularity and are poised to spark a bull market lending trend.
Crypto Loans: A Powerful Tool to Unlock Asset Liquidity
HTX Crypto Loans is a flexible financial lending product that allows users to pledge digital assets to borrow other cryptos such as USDT, BTC, and ETH, for various financing needs.
For example, a user anticipating the price of a token can commit to BTC borrowing USDT for investment purposes without selling their holdings. If the price of the token rises as expected, they can sell and repay the loan and their BTC.
HTX has launched its highly anticipated flexible crypto loans, adding to its term product line. This new offering allows for flexible, fee-free borrowing and repayment, making it an ideal tool for efficient use of funds.
Impressive data: growth in both scale and user base
With ultra-low interest rates, flexible terms, and excellent user experience, HTX’s flexible crypto loans have seen significant growth in both user base and loan volume. In less than 10 days, loan volume exceeded 30 million USDT. Compared to before launch, HTX’s overall loan volume increased five-fold and the number of borrowers tripled.
This achievement demonstrates user confidence in HTX products and indicates the growing acceptance of the crypto lending model by the market.
Double jackpot and ultra-low interest rates continue for enhanced user experience
HTX has launched the second phase of the “Borrow & Earn” event. From December 12 at 02:00 (UTC) to December 18 at 15:59 (UTC), users who borrow USDT via flexible crypto loans can share in a prize pool of $5.4 billion HTX.
The first phase offered a prize pool of $2.7 billion HTX, and this phase doubles that amount. HTX’s flexible crypto loans remain tethered to low interest rates, helping users maximize returns with affordable borrowing.
This highlights the popularity of crypto loans and HTX’s commitment to offering flexible crypto loans.
HTX plans to introduce more promotions and innovative features to improve user experience. If the loan volume for flexible crypto lending reaches 50 million USDT by the end of the second phase, the prize pool for the next phase will double to $10.8 billion HTX.
About HTX
Founded in 2013, HTX has grown from a virtual asset exchange to a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation and other activities .
As the global gateway to Web3, we have global capabilities that enable us to provide users with secure and reliable services.
Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security and Compliance” supports our commitment to providing quality services and values to virtual asset enthusiasts around the world.
Contact details
Ruder Finn Asia
htx@ruderfinn.com
Company website
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